Understanding the relationship between institutions and economic development: Some key theoretical issues

Arbeitspapier

The paper tries to improve our understanding on the role of institutions in development by critically examining the current orthodox discourse on institutions and highlighting some of its key problems. After discussing some definitional problems, the chapter examines a number of problems in the orthodox literature arising from the widespread failure to distinguish between the forms and the functions of institution. Then it critically examines the excessive emphasis on property rights in the orthodox literature. Finally, it discusses a number of problems that arise from the simplistic view on institutional change that underlies the orthodox view on institutional persistence.

Object Details

• ISBN: 9291908452
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIDER Discussion Paper ; No. 2006/05

Classification and Topics

• Classification: Wirtschaft ; Current Heterodox Approaches: Historical; Institutional; Evolutionary ; Institutions: Design, Formation, Operations, and Impact ; Capitalist Systems: Property Rights
• Subject: institutions ; forms and functions ; institutional change ; property rights ; Entwicklung ; Institutionelle Infrastruktur ; Institutioneller Wandel ; Eigentumsrecht

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Chang, Ha-Joon
• Event: Veröffentlichung
• (who): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (where): Helsinki
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/53017
• Last update: 10.03.2025, 11:41 AM CET